30-Year Fixed Mortgage Rate Rises Slightly After Hitting All-Time Low Last Week
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.19 percent, up from 3.18 percent at this same time last week.
The 30-year fixed mortgage rate hovered between 3.2 and 3.26 percent for the majority of the week, dropping to the current rate this morning.
“As predicted, the mortgage rate slide leveled off this week as lenders tried to catch up with an influx of demand from people looking to refinance at all-time low rates. This coming week, we expect rates will hold fairly steady as the market awaits Friday’s job report, although significant European headlines could induce rate volatility,” said Erin Lantz, director of Zillow Mortgage Marketplace.